Financial Standard Comments - Super concession cuts ignite SMSF debate Reports that tax concessions to super will be cut by the Government to fund upcoming health and education initiatives have sparked debate in the industry over whether high balance super members and SMSFs in particular are paying their share. https://www.financialstandard.com.au/feed/latest?story=22402572 Mon, 10 Sep 2012 14:07:46 +1000 Mon, 10 Sep 2012 14:07:46 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Fred Dingle (Real Advisors) SPAA national technical director Peter Burgess said that although the specific legislative concession for real property in super exists for SMSFs and small APRA funds, the rationale was that business premises are the superannuation for many small business owners.

"They don't have people making contributions for them like ordinary employees do, so rationale was they should be able to put those premises in their super fund and enjoy tax concessions because it is their super."

And this is NOT a rort? Go figure..

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]]> Fred Dingle (Real Advisors) Mon, 10 Sep 2012 14:07:46 +1000 Comment by Percy Kotkis (Piersbridge consultants) I am now 73 and still able to work.it amazes me that the present regime has reduced the cap so how do the expect people to be self funding and not rely on Centrelink.We should be rewarded and not penalised

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]]> Percy Kotkis (Piersbridge consultants) Mon, 10 Sep 2012 14:15:40 +1000